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Armstrong World IndustriesAWI -1.26%71 Debt-to-Equity is 0.66 as of Jun. 2026, which is 53% below its 10-year median of 1.41. GuruFocus rates AWI with a GF Score™ of 71/100 and a GF Value™ of $173.75 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,614 Construction companies, Armstrong World Industries ranks worse than 64.25% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Armstrong World Industries's Debt-to-Equity or its related term are showing as below:
AWI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 1.41 Max: 3.63
Current: 0.66
During the past 13 years, the highest Debt-to-Equity Ratio of Armstrong World Industries was 3.63. The lowest was 0.55. And the median was 1.41.
AWI's Debt-to-Equity is ranked worse than 64.25% of 1614
companies
in the Construction industry
Industry Median: 0.41
vs AWI: 0.66
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Armstrong World Industries Debt-to-Equity Related Terms
Armstrong World Industries Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AWI vs FBIN, BLDR, AAON: Debt-to-Equity Comparison
For the Building Products & Equipment subindustry, Armstrong World Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Armstrong World Industries Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Armstrong World Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Armstrong World Industries's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Armstrong World Industries (AWI) has a Debt-to-Equity of 0.66 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Armstrong World Industries and its competitors. This is 53% below median its historical median of 1.41. Over the past decade, Armstrong World Industries' Debt-to-Equity has ranged from 0.55 to 3.63. According to the industry distribution chart, Armstrong World Industries ranks #1037 out of 1614 companies in the Construction industry, placing it in the top 64.3%.
Is Armstrong World Industries' Debt-to-Equity too high?
Armstrong World Industries' current Debt-to-Equity of 0.66 is 53% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 3.63. The Construction industry median Debt-to-Equity is 0.41. Armstrong World Industries' value of 0.66 is 61% above this industry median. Based on the distribution chart, Armstrong World Industries ranks #1037 out of 1614 companies in the Construction industry, which is below the industry midpoint. Overall, Armstrong World Industries has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Armstrong World Industries' Debt-to-Equity compare to FBIN and BLDR?
According to the Construction industry distribution chart, Armstrong World Industries ranks #1037 out of 1614 companies for Debt-to-Equity. This places Armstrong World Industries in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Armstrong World Industries' value of 0.66 is 61% above this benchmark. Historically, Armstrong World Industries' own Debt-to-Equity has ranged from 0.55 to 3.63 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 0.41, Armstrong World Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Armstrong World Industries's current Debt-to-Equity of 0.66 is 61% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Armstrong World Industries and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armstrong World Industries's current Debt-to-Equity is 0.66, which is 53% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armstrong World Industries stock overvalued right now?
Based on GuruFocus' analysis, Armstrong World Industries (AWI) is currently considered Fairly Valued. The stock's GF Value™ is $173.75, compared to a current price of $183.19 — trading 5.4% above its estimated fair value. The current Debt-to-Equity is 0.66, which is 53% below median its 10-year median of 1.41 and 61% above the Construction industry median of 0.41. Armstrong World Industries' overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Armstrong World Industries (AWI), the current Debt-to-Equity is 0.66 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Armstrong World Industries (AWI) Overvalued in 2026?
Based on GuruFocus' analysis, Armstrong World Industries stock appears to be overvalued.
The current stock price of $183.19 is trading 5.4% above its estimated GF Value™ of $173.75.
GuruFocus considers Armstrong World Industries to be Fairly Valued.
Key valuation signals for AWI:
Debt-to-Equity: 0.66 (53% below median its 10-year median of 1.41)
GF Value™: $173.75 vs. price of $183.19 (5.4% above fair value)
Industry Position: 61% above the Construction median (#1037 of 1614)
No single metric tells the full story. See the AWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Armstrong World Industries Inc designs and manufactures exterior architectural applications, including ceilings, specialty walls, and exterior metal solutions, using materials such as mineral fiber, fiberglass, metal, felt, architectural resin and glass, wood, wood fiber, and glass-reinforced-gypsum. Its segments include Mineral Fiber, which produces suspended mineral fiber and fiberglass ceiling systems and includes results from the Worthington Armstrong Venture (WAVE) for ceiling suspension system (grid) products; Architectural Specialties, which designs, produces, and sources specialty ceilings, walls, and other architectural applications for commercial settings, with revenues mainly project driven; and Unallocated Corporate. The company operates in the United States and Canada.
71GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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